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2022
Exports $204kWorld Rnk 70 / 145
Flag Rnk 769 / 1127
2022
Destination $53.6k United States
2021 - 2022
FASTEST GROWING MARKET $53.6kUnited States
2022
PRODUCT COMPLEXITY IN Spice Seeds-1.2Rnk 880 / 1025
2022
Imports $2.33MWorld Rnk 64 / 216
Flag Rnk 926 / 1201
2022
Origin $348k China
2021 - 2022
FASTEST GROWING ORIGIN $348kChina
2022
ECONOMIC COMPLEXITY of Philippines0.71Rnk 37 / 133

About

Exports In 2022, Philippines exported $204k in Spice Seeds, making it the 70th largest exporter of Spice Seeds in the world. At the same year, Spice Seeds was the 769th most exported product in Philippines. The main destination of Spice Seeds exports from Philippines are: United States ($150k), India ($21.6k), United Kingdom ($18k), South Africa ($6.75k), and Thailand ($5.76k).

The fastest growing export markets for Spice Seeds of Philippines between 2021 and 2022 were United States ($53.6k), India ($21.6k), and United Kingdom ($18k).

Imports In 2022, Philippines imported $2.33M in Spice Seeds, becoming the 64th largest importer of Spice Seeds in the world. At the same year, Spice Seeds was the 926th most imported product in Philippines. Philippines imports Spice Seeds primarily from: China ($1.59M), India ($441k), Singapore ($123k), Vietnam ($47.2k), and Spain ($46.9k).

The fastest growing import markets in Spice Seeds for Philippines between 2021 and 2022 were China ($348k), Spain ($22.2k), and Ukraine ($21.4k).

Latest Trends

September 2023

About

Overview In September 2023 Philippines' Spice Seeds exports accounted up to $1.19k and imports accounted up to $14.7k, resulting in a negative trade balance of $13.5k. Between April 2019 and September 2023 the exports of Philippines'   Spice Seeds have increased by $1.09k (1.09k%) from $100 to $1.19k, while imports decreased by $-10.4k (-41.4%) from $25.1k to $14.7k.

Destinations In September 2023, Spice Seeds were exported mostly to N/A, and were imported mostly from .

Growth In September 2023, the increase in Spice Seeds's year-by-year exports was explained primarily by an increase in exports to . In December 2023, the decrease in Spice Seeds's year-by-year imports was explained primarily by a decrease in imports from Germany ($-218 or -77.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (April 2019 - September 2023)$1.09k(1.09k%)
IMPORT GROWTH (December 2022 - December 2023)$-10.4k(-41.4%)

This section shows Spice Seeds's exports and imports data at subnational level for Philippines. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Spice Seeds over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$204k
IMPORTS (2022)$2.33M
NET TRADE (2022)-$2.13M

In 2022, Philippines exported $204k in Spice Seeds. The main destinations of Philippines exports on Spice Seeds were United States ($150k), India ($21.6k), United Kingdom ($18k), South Africa ($6.75k), and Thailand ($5.76k).

In 2022, Philippines imported $2.33M in Spice Seeds, mainly from China ($1.59M), India ($441k), Singapore ($123k), Vietnam ($47.2k), and Spain ($46.9k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spice Seeds EXPORT MARKETS FOR Philippines WERE (2021 - 2022):
United States$53.6k (55.4%)
India$21.6k (1%)
United Kingdom$18k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spice Seeds BY Philippines WERE (2021 - 2022):
Thailand-$17.8k (-75.6%)
Netherlands-$1.31k (-100%)
Spain-$174 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Philippines's main exporting competitors in Spice Seeds were:
India $618M
Vietnam $89.5M
China $84.7M
In 2022, Philippines's main importing competitors in Spice Seeds were:
China $136M
India $119M
United States $99.7M

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Trade Value of Spice Seeds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $64.9k
TOP IMPORT POTENTIALIndia+ $553k

Spice Seeds’s highest export potential is United States. With an export gap of $64.9k.   Spice Seeds’s highest import potential is India with an import gap of $553k.

See methodology.

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